Phoenix Capital Family of Companies: Mortgage Servicing Rights Specialists

Experts in valuing, advising, closing and providing operational support for all types of mortgage asset transactions.

History and Overview

The newest business among the Phoenix Companies, John Galt Enterprises, LLC, (The Fund) was created to be a principal investor in residential Real Estate Owned (“REO”) assets. The Fund’s mission is to acquire REO assets from various institutional and private sellers for the purpose of resale to investors and end users. The fund seeks to purchase assets through bulk or flow transaction structures, by providing sellers a smooth and swift method of portfolio monetization. The Fund is an active bidder of bulk REO pools ranging in purchase price from $2 million up to $20 Million.

Fund Structure

John Galt Enterprises was created to leverage the infrastructure, expertise, and resources of the Phoenix family of companies. The Fund is managed by Phoenix’s surveillance and asset management team, Phoenix Collateral Advisors, LLC (“PCA”). As portfolio manager, PCA is responsible for coordinating pool level due diligence, managing the acquisition process, and providing asset level oversight through to the final disposition of each asset. Phoenix Asset Management (“PAM”) serves as The Fund’s preferred REO disposition vendor. PAM is charged with performing the asset level due diligence, handling all pre-marketing stages, marketing the assets, and ensuring a successful closing. Together with its capital partner, The Fund brings together the resources to complete the REO transaction life cycle from due diligence, marketing plan development through to property disposition.

Risk Management

The Fund’s portfolio manager, PCA is known for its sophisticated approach to valuation modeling, portfolio surveillance and risk management. As a seasoned provider of whole loan and REO portfolio oversight, PCA has resources and systems dedicated towards focused asset level management, comprehensive exception reporting, and experienced decision making. The result is optimal portfolio execution on a consistent basis.